ChesterTeo26
2021-07-07
Hehe
Maker of $2,000 Barbecue Grill Traeger Files for U.S. IPO
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It is expected to list on the New York Stock Exchange under the symbol COOK.</p>\n<p>The company called itself the leading name in wood pellet grilling, a method that cooks food slowly like a smoker. Its highest-end model costs $1,999.99. Some of its products can be connected to a mobile app where users can monitor and control the heat.</p>\n<p>Private equity firmAEA Investors, Ontario Teachers’ Pension Plan andTrilantic Capital Partnersare listed as the biggest shareholders of the company.</p>\n<p>Traeger reported $39 million in net income on $236 million in sales in the three months ended March this year, compared to $8 million in net income on $114 million in sales from the same period last year.</p>\n<p>The company, a keen advertiser on YouTube cooking shows, said it benefited from the home-cooking boom during the Covid-19 pandemic.</p>\n<p><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>,Jefferies Financial Group Inc.,Robert W. 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